Ferro-alloy Resources Share Discussion Threads

[ukgeorge] 03/6/2021 08:21

Roll on 170p :)

[cyberbub] 02/6/2021 20:32

No Goldilocks I'm not. This already represents 40% of my portfolio so it would be too risky to increase that. Trust that's OK with you ;-)

If you are so gung-low, are you further shorting your boots at the current 42p? ...... my educated guess is yes

[driver101] 02/6/2021 20:27

gold

I am, this is a good accumulating stock all the way to £3 then sit back for the divi’s

[goldilocks1] 02/6/2021 19:55

cyber - if you are so gung-ho, are you further filling your boots at the current 42p? ...... my educated guess is not

[cyberbub] 02/6/2021 17:56

PS it's also a tightly held stock, the 2 directors still hold about 30% between them, and I doubt that they (or the recent VBR/HNW investors) will be selling many/any until the full value is realised here. So it doesn't take enormous volume to move the share price

[cyberbub] 02/6/2021 17:52

Nice 286k delayed buy printed (and a 170k sell). Closed near the days high.We can split hairs about what constitutes big volume on FAR, but looking at the last 2 months anything like today is a noticeable increase. Let's hope it continues.

[goldilocks1] 02/6/2021 15:51

i can't find an average volume for this stock, but 4m on a 30/40p stock is not exactly big beer or even more than normal

if you use IG, their chart and volumes for this stock are quite informative and it is only if volume is well north of 5m for more than the odd day that it might be worth getting excited

[cyberbub] 02/6/2021 14:59

Volume climbing towards my suggested 4M+ to push for a breakout in the coming days... Touch wood. GLA

[cyberbub] 02/6/2021 11:01

Looking encouraging, volume increased. You would think that most people who wanted to sell at 40p+ had 3 chances to do so in March and April. There is a (relatively small) amount of shares about to be issued at a very steep discount to today's SP, but since they are being issued to VBR and other serious investors/HNWs I doubt that many of them will be dumped, maybe they might just sell a couple of million out of 12M to derisk.I think we probably need to see a few days of 4-5M volume to make a proper breakout above 47p and towards 60-70p plus. Hopefully that will come.GLA NAI

[goldilocks1] 02/6/2021 09:55

Base Metal Miner as opposed to PMM = Precious Metal Miner

btw, share price was at current level about 2 months ago

[driver101] 02/6/2021 09:36

Cyber

“What's a BMM please

Bloody Marvellous Momentum

[36jay] 02/6/2021 09:35

Chart looks huge uptrend from here.Huge event tomorrow and massive announcement inbound.This soon top riser on board.70p by close imo

[ukgeorge] 02/6/2021 09:34

this is nice :)

[t0ndo] 02/6/2021 09:28

Guessing base metal miners but....

[cyberbub] 02/6/2021 09:18

What's a BMM please? Am I being thick?

[goldilocks1] 02/6/2021 09:17

similar to yesterday's post
no one should get overexcited about the recent recovery in share price ...... ALL BMM's are well up

[losses] 02/6/2021 09:16

Let's get the previous resistance broken this week snd head towards 60-70

[36jay] 02/6/2021 09:14

New target by Bulletin board heroes 70p.New appointment and massive event tomorrow.Huge upside inbound.Soon 70p+

[zb27] 02/6/2021 08:15

You are either in or out under 40p. Derisked hugely now with yesterdays RNS,all on track. And Vanadium prices have had continous daily increases for the last 2 weeks, a 25-30% increase from the beginning of the year. Could be a perfect storm!! If it breaks out soon, i can see this storming towards £1 alot sooner than what people expect! DYOR

[mesb48] 01/6/2021 22:01

JB, I’ve only been seriously interested in junior miners for the last year or 18 months, and have come too slowly to realise that whatever the apparent opportunity ahead, there’s always a banana skin or three ahead too. Think there will have been some traders anticipating this news still yet to exit, or ‘investorsR17; who slice a bit, so there might be a small pullback. But I don’t see 30p though, no!

[jailbird] 01/6/2021 20:48

Lol Mes.Have you ?, where you see it going in the short term ?I was not expecting a higher close today if I can be honest, since delays have been confirmed , even though I expected it to take longer anyway .Be interesting to see what happens this week. If it goes higher , can it break previous high of 45p. Otherwise it will move between 35-45p until next piece of news, whenever that may be .

[mesb48] 01/6/2021 20:03

JB, have you given up on 30p yet?

[jailbird] 01/6/2021 19:19

I think looking 12 months ahead and reviewing is a wise strategy Thinking about dividends is a few years away . There may well be third party interest post BFS or closer to construction or production So profits from capital growth may well what you get Cyber .

[mesb48] 01/6/2021 19:02

Cyber, hope your longer term target is right, for me I’m just thinking that in the next 12 months, there’s a path to a nice further increase and then I’ll reassess.

Gone back again to that £1.71 VSA model figure and in a nutshell they calculated an NPV for the existing operation and used 100% of that, calculated an NPV for the bigger project and took 50% of that, divided it by 356m shares and that’s the answer. Their NPV for the big project was $1.5bn rather than the $2bn the company regularly quotes - don’t know why exactly except I know they used a discount rate of 10.8% which may be higher. And I’m not really placing any reliance on the VSA number, especially since they can’t be bothered to update it! But I guess it highlights the point that the true value here won’t be known until the FS is completed, or later even. Now we have got to within spitting distance of my short term target of 40p on today’s announcement, I’m in total agreement 70p is the next target.

Think I’m going to focus my attention elsewhere now and revisit this later in the year!

[cyberbub] 01/6/2021 18:40

PS I come to my eventual target share price by simple maths, over $400M revenues, minimal cash costs, knock off some capital maintenance, central costs, taxes etc, say £250M net profits, p/e of 8, 500M shares = 400p share price. Simplistic yes, but the mine and economics are actually quite simple... And until we know their detailed plan and see the final BFS this estimate will do IMO. It's a lot more than 37p anyway!!NAI